The co-head of UK Investment Management at wealth manager Brooks Macdonald is leaving, prompting a wider shake-up of the management of the £340m firm.
In a stock exchange announcement today (January 28), the company stated that John Wallace, who has worked at the firm for 15 years, has “made a lifestyle decision to work closer to home" and will be leaving Brooks Macdonald to join a local Hampshire-based IFA.
The UK investment management business will now be the sole responsibility of Robin Eggar, who had been the second co-head of the division, and has been an employee of the firm for 20 years, having joined straight from university.
In the same announcement, the company also confirmed that Alick Mackay, who has been working on strategic planning at the firm on a consultancy basis, has now become an employee, with the title director of strategy and corporate development.
Caroline Connellan, chief executive of Brooks Macdonald, said: “We know that investing in our talent will support the high-performance culture that is so critical to our growth ambitions.
"This, and our focus on delivering for clients and advisers, will ensure we build on our strong momentum over recent years as we move into our next phase of growth.
"These appointments represent a great opportunity for those involved and reflect the depth of expertise and skills we have across the group. We remain focused on developing and promoting our talent, as well as hiring the right people to complement our capabilities and support the future growth and success of our business.
"Today’s announcement demonstrates that focus.”
Brooks Macdonald had assets under management of £13.1bn at the end of December 2019.
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